Daily Market Report

Gold hits a two-month high early Monday of $1,827 per ounce . . . . Barry Stuppler

The US added 531,000 jobs in October, above the 425,000 number expected . . . . Barry Stuppler

Gold rallied $28 today, after the Federal Reserve indicated late yesterday it would be patient on raising interest rates . . . . Barry Stuppler

Today, the Gold price dropped $20 per ounce, reaching a two-week low, ahead of a crucial Federal Reserve announcement . . . . Barry Stuppler

The Gold price should get direction from this week’s Federal Reserve meeting's statements . . . . Barry Stuppler

Gold moved above the $1,790 level in European trading on a weaker U.S. Dollar (below 94) . . . . Barry Stuppler

Today we saw a sizeable increase in the value of the U.S. Dollar (over 94), combined with concerns about a Federal Reserve policy change at next week’s meeting, caused a sell-off in Gold/Silver . . . . Barry Stuppler

The Gold price continues to build a base at the $1,800 level after the recent rally . . . . Barry Stuppler

A drop in the value of the U.S. Dollar and interest rates moving lower caused excellent demand for Gold today . . . . Barry Stuppler

Gold tested support this morning and broke down below the key $1,800 level . . . . Barry Stuppler